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Here is a reproduction of the images that are associated with the
article by Scorpio.
What do you think.
Thank you for the reference material, I know what I will be doing this
weekend,
Anthony
Yahoo wrote:
> Anthony,There may be different formulae for key reversals, but when
> you draw Scorpio's key reversal, as you have described, then it
> doesn't look quite correct. I think Scorpio's close should be higher
> than the previous high. The definition is a bit sloppy and, depending
> on where the close is, could also describe any number of other short
> term reversal signals as well as giving false reversal signals. A key
> reversal should look something like an engulfing candlestick does. A
> key reversal tends to totally dominate the previous bar. That's why it
> is a very powerful short term reversal signal. It should be an outside
> day and close above all of yesterday's price action.I lecture and set
> and mark assignments and exams in Technical Analysis for the
> Securities Institute of Australia. We have the most comprehensive set
> of course notes that you could find anywhere in the world. My
> definitions were taken from the course notes which have been written
> and refined by some very experienced and well-qualified Technical
> Analysts over the years.I do have some references from the notes. The
> topic is 'Short Term Bar Chart Analysis'. Some of these references may
> not deal with key reversals in particular, but I'm sure some of them
> will. I include them all because I don't have all of them nearby to
> check.Elder, A Trading for A Living chapter 3, section 18, pp
> 70-73Gifford, E Technical Analysis chapter 2Hill, J R Technical and
> Mathematical Analysis of Trends in the Commodity and Stock Markets
> lessons 1 and 2Hill, J R Stock and Commodity Market Trend Trading by
> Advanced Technical Analysis chapter 1Krastins, I Listen to the Markets
> chapter 1, pp5-8, chapter 2, pp31-50Murphy, J J Technical Analysis of
> the Financial Markets chapter 3Schwager J D Schwager on Futures -
> Technical Analysis chapter 2, pp14-21, chapter 6, pp83-103 and
> pp138-141I hope the above helps.Kind Regards,Larry Lovrencic
>
> -----Original Message-----
> From: Anthony Faragasso [mailto:ajf1111@x...]
> Sent: Thursday, 29 November 2001 09:24
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] PATTERN FORMULAS
>
> Larry,
>
> This formula is out of December 2001 technical analysis of
> stocks and
> commodities, Under Metastock: finding Key reversals, pg. 99.
>
> there formula is : L < ref ( L, -1 ) and c > ref( c,-1) and
> c < h
>
> this was based on an article by Massimiliano Scorpio :
> Finding Key
> Reversals
>
> Article wording :
> " A key reversal up day is represented by a bar where the
> low is lower
> than the previous low and the close is higher than the
> previous close
> and the close must also be lower than the high."
>
> Do you have some reference material describing these
> patterns and
> formulas. Please point me in the direction of some
> reference.
> Is it possible there are a number of different formulas
> relating to the
> same pattern.
> I would assume that the formula in TASC would be correct
> both by the
> author and by Metastock.
>
> Thank you
> Anthony
>
>
> Yahoo wrote:
>
> > Anthony,Your key reversal formula is not quite
> correct.The correct
> > formula is: KRbuy=O<ref(C,-1) AND L<ref(L,-1) AND
> C>ref(H,-1);i.e. The
> > bar must open below yesterday's close, today's low must be
> below
> > yesterday's low and today's close must be above
> yesterday's
> > high.Regards,Larry
> >
> > -----Original Message-----
> > From: Anthony Faragasso [mailto:ajf1111@x...]
> > Sent: Thursday, 29 November 2001 03:19
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] PATTERN FORMULAS
> >
> >
> > 1. Key reversal : (c > ref(c,-1) and (L < ref(L,-1)
> and ( c
> > < h )));
> >
> >
> >
> >
> >
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